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NYCB Provides $21.5M Refinance Loan For Retail Properties In North Bellmore, East Northport, Seaford, Hempstead, Amityville, And Rockville Center - Meridian Capital Group Represents Charles Grussgott & Michael Helmreich

542 Jerusalem Avenue, 353-355 Larkfield Road, 3524 Merrick Road, 520 Jericho Turnpike, 35-45 Merrick Road & 288-290 Sunrise Highway
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This Retail property located in NY received a loan of $21,500,000 about 2 years ago. The brokers of the deal were Michael Helmreich and Charles Grussgott

A loan has been secured for a retail property located at 542 Jerusalem Avenue, 353-355 Larkfield Road, 3524 Merrick Road, 520 Jericho Turnpike, 35-45 Merrick Road & 288-290 Sunrise Highway. The property is situated in North Bellmore, East Northport, Seaford, Hempstead, Amityville, and Rockville Center.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $21,500,000

The loan was provided by NYCB for the purpose of refinancing. It is a fixed 10-year deal with a rate of 3.75%. The transaction was facilitated by Charles Grussgott and Michael Helmreich from Meridian Capital Group.

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Deals
  • Location
    542 Jerusalem Avenue, North Bellmore, New York 11566, United States542 Jerusalem Avenue, North Bellmore, New York 11566, United States
  • Loan Value
    $21,500,000$21,500,000
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Michael Helmreich

Michael Helmreich

Deals16
Financed$314.8M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

New York Community Bank

New York Community Bank

Lender
Deals87
Volume$ 316.6B

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Deal Summary

LOAN IMAGE: Charles Grussgott & Michael Helmreich DATE: 02/08/2022 ADDRESS: 542 Jerusalem Avenue, 353-355 Larkfield Road, 3524 Merrick Road, 520 Jericho Turnpike, 35-45 Merrick Road & 288-290 Sunrise Highway MARKET: North Bellmore, East Northport, Seaford, Hempstead, Amityville, Rockville Center ASSET TYPE: Retail LENDER: NYCB BROKERS: Charles Grussgott & Michael Helmreich - Meridian Capital Group LOAN AMOUNT: $21,500,000 LOAN TYPE: Refinance LOAN RATE: fixed 10 year deal  at 3.75%

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542 Jerusalem Avenue, 353-355 Larkfield Road, 3524 Merrick Road, 520 Jericho Turnpike, 35-45 Merrick Road & 288-290 Sunrise Highway

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